Local Government Act 1976 · Updated to 1 Dec 2012 · Part XV · Rating and Valuation
Section 137
Feedback & supportThe local authority shall cause a Valuation List of all holdings not exempted from the payment of rates to be prepared containing—
the name of the street or locality in which such holding is situated;
street
“street” includes any road, square, footway, passage or service road, whether a thoroughfare or not, over which the public have a right of way, and also the way over any bridge, and also includes any road, footway or passage, open court or open alley, used or intended to be used as a means of access to two or more holdings whether the public have a right of way over it or not, and all channels, drains and ditches at the side of any street shall be deemed to be part of such street;
the designation of the holding either by name or number sufficient to identify it;
holding
“holding” means any land, with or without buildings thereon, which is held under a separate document of title and in the case of subdivided buildings, the common property and any parcel thereof and, in the case of Penang and Malacca,
the names of the owner and occupier, if known;
occupier
“occupier” means the person in occupation of the premises in respect of which the word is used or having the charge, management or control thereof either on his own account or as agent of another person but does not include a lodger;
the annual value or improved value of the holding.
annual value
“annual value” means the estimated gross annual rent at which the holding might reasonably be expected to let from year to year the landlord paying the expenses of repair, insurance, maintenance or upkeep and all public rates and taxes: Provided that— (a) in estimating the annual value no account shall be taken of any restrictions or control on rent in so far as it limits the rent which may be required by a landlord or recovered from a tenant of a holding; (b) in estimating the annual value of any holding in or upon which there is any machinery used for any or all of the following purposes: (i) the making of any article or part of an article; (ii) the altering, repairing, ornamenting or finishing of any article; (iii) the adapting for sale of any article, Local Government 13 the enhanced value given to the holding from the presence of such machinery shall not be taken into consideration, and for the purposes of this paragraph “machinery” includes steam engines, boilers or other motive power belonging to such machinery; (c) in the case of any land— (i) which is partially occupied or partially built upon; (ii) which is vacant, unoccupied or not built upon; (iii) with an incomplete building; or (iv) with a building which has been certified by the local authority to be abandoned or dilapidated or unfit for human habitation, the annual value shall be, in the case of subparagraph (i), either the annual value as hereinbefore defined or ten per centum of the open market value thereof at the absolute discretion of the Valuation Officer, and in the case of subparagraphs (ii), (iii) and (iv) the annual value shall be ten per centum of the open market value thereof as if, in relation to subparagraphs (iii) and (iv), it were vacant land with no buildings thereon and in all cases the local authority may, with the approval of the State Authority, reduce such percentages to a minimum of five per centum; (d) where in respect of any particular holding, in the opinion of the Valuation Officer, there is insufficient evidence to base a valuation of annual value upon, the Valuation Officer may apply such methods of valuation as in his opinion appears appropriate to arrive at the annual value;
The Valuation List together with the amendments made under section 144 shall remain in force until it is superseded by a new
Valuation List.
A new Valuation List which shall contain the same particulars as in subsection (1) shall be prepared and completed once every five years or within such extended period as the State Authority may determine.